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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 · EIN 16-6063879 320 PARK AVENUE · NEW YORK, NY 10022 | Participant loan processing; Recordke... | $2,176 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,984 | $58,312-43.4% | $86,656-61.9% | $71,529-53.9% |
| Participation rate | 63.4% | 65.0%-1.7pp | 71.7%-8.3pp | 67.9%-4.6pp |
| Annual return | 14.82% | 24.08%-9.3pp | 593.09%-578.3pp | 28.97%-14.2pp |
| Employer contribution / active EE | $1,794 | $2,576-30.4% | $3,025-40.7% | $2,590-30.7% |
| Participant deferral / active EE | $850 | $3,439-75.3% | $4,439-80.9% | $4,291-80.2% |
| Admin fee / account holder | $8 | $1,057-99.2% | $5,619-99.9% | $1,588-99.5% |